The ninth day scheduled of the 15th United Nations Climate Change Conference (COP15) opened up with announcement of U.S and other developed countries to fund $350 million over five years to promote clean and fresh energy technologies in the developing countries. Discussions are still continued to focus on deeper emission cuts by developed nations and financing for poorer countries as a new draft dropped targets for carbon cuts and financing, reports the Wall Street Journal.
Report by BBC explains Germany and Indonesia, clubbed into one group examining under the Kyoto Protocol , further emission cuts by developed nations, while another, group has UK and Ghana, who are looking at long-term financing strategies to help poorer or developing countries in order to protect themselves against impacts of climate change. Yvo de Boer, the executive secretary of UN adds to this that lot of work has to be carried before a final agreement to be signed.
Controversies still continues between China and U.S where China is rejecting U.S. claims that its emission curtails must be subject to international certification, while the U.S. said it would not expand its greenhouse gas (GHG) emission slash, reports BBC News. Ministers on other hand agreed that they have to begin making strides before Obama and about 120 other heads of state and government faces each other for a summit at the end of the week, reports Inquirer.net.
To make some noteworthy progress over the final days of the conference is really important for delegates shows new reports. The Department of Energy (DOE) said Climate Renewable and Efficiency Deployment Initiative (Climate REDI) is a “quick-start” initiative to complement the much broader technology and finance mechanisms of an international climate agreement.
